Downstream Oil and Gas Activities

The Constitutional Court Decision handed-down on 21 December 2004 stipulated that amendments were required to the Oil and Gas Law (Law No. 22 of 2001), particularly to Article 28(2) and (3) which then mandated amendments to Article 72 of Government Regulation No. 36 of 2004.

The amendment to Article 72 is simple and states that the price of oil and gas is to be stipulated by the government.

The Regulation was issued on 24 March 2009 and has been in force since that date.